28. Let it be considered, then, whether these circumstances are worthy of regard, and highly advantageous for the company of which I am speaking—which likewise can save much money in the difference of wages; and any one will reason that not one of the foreign companies has had the opportunities which these islands possess for the establishment of a company, since all these things which are easy and of little expense for the Spaniards were almost insuperable difficulties for the Dutch, the English, and the French—who succeeded in overcoming them by dint of silver, of conquests, and of fortifications; and by bringing from Europa supplies which we do not have to bring, because they abound in these islands.

29. In order not to be prolix in relating other advantages which the companies in general possess, as compared with the commerce of private persons, I refer to those which are set forth by the distinguished Don Miguel Zavala (in his celebrated memorial[40] to Phelipe V of blessed memory), whose authority alone would be sufficient in order that no means should be neglected for establishing the aforesaid company in these islands; and I pass to other advantages which the said author explains. But first I will point out what relates to the fortunes in the Indias, which do not pass to the grandsons; this is accounted for by the vicious way in which the creoles, as a rule, are reared—the indolence and vices in which they are brought up, and the luxury and prodigality to which they are accustomed from childhood. If these fortunes, or the greater part of them, were [invested] in the company, they would not be so easily wasted; and, even if the sons should save nothing from the profits, they would keep the principal which their fathers might bequeath to them in the aforesaid company. Or, in case there were some persons so reckless as to sell their shares, others would buy these, and the commerce and its gains would always remain for the benefit of the Spaniards.

30. With the funds of a company, enterprises could be undertaken that would be both extensive and easy. The province of Pampanga alone is capable of producing more sugar than can be consumed in China (to which the Sangleys carry it when it is cheap), in the coasts of Coromandel, Malabar, and Vengala (where it is scarce, and is sold at a high price), and in all the ports of India; having a market, all that is required of this product will be supplied in abundance, especially if the said company encourages the Indians to cultivate their lands. It would be the same with the dyes; and with deer’s hides, sinews, and tapa (or dried meat) which all come from the same province, and are sold to the Chinese who come here to trade. By establishing a mart in the capital [of Pampanga], on the company’s account, it will gather in all the said products, in exchange for cloth, especially if credit be given to some persons until the time of the harvest; and the gains will be enormous, since profits will be made on the sale of the cloth, on the purchase of the products, and on the export of these to other colonies.

31. The same method ought to be observed in the other provinces for promoting the cultivation of the lands and the abundance of so highly valuable products as they yield; by this means there would be obtained in Pangasinan all the gold which the infidels bring down from the mountains there, which exceeds three hundred thousand pesos each year, and with that which is brought from other provinces reaches five hundred thousand pesos. This commodity is very useful in all the commerce of India, and can also be carried to Europa, as is done by the English and Dutch, to whom regularly comes the gold from Philipinas; its current price is at the rate of sixteen pesos for the tae of 22-carat metal (each tae has the weight of ten reals), and in this ratio is purchased that of 21, 20, 19, and 18 carats.

32. In the provinces of Ilocos and Cagayan there might be excellent factories, to work up the great amount of fine cotton which they produce; and, by bringing skilled workmen from the Coast, the figured cottons which are brought thence could be made [here]. In all the Visayan Islands, in the province of Camarines, and in that of Albay, are made the choicest and finest webs, which they call nipis; and others, of commoner quality, which they call guinaras, and use for shirts. In Cagayan and Ilocos are woven very fine handkerchiefs, towels, coverlets, table-linen (which is of as good quality as that made in Flandes), terlingas, etc.; and if only these provinces are stimulated, and factories established with good master-workmen, the company can easily manufacture at least all the cloth which the Indians consume. As these number a million of souls, if we allow to each one an average consumption of no more than one peso, this would amount to a million of pesos; and the greater part of this amount, which now the Chinese, the Dutch, and the English carry away, would remain in the islands, and would increase the profits of the Spaniards and the losses of the said foreigners.

33. The cacao is very abundant and cheap, and if it could find a market in other colonies and kingdoms the crop of it would be still greater, because the Indians would devote themselves to its cultivation.[41] Entire groves of the coffee-tree could be planted, since it yields fruit everywhere; it is milder than that of Mage [i.e., Mocha?] and its fruit is gathered in the year when it is [first] planted, on account of the richness of the soil. Rice and wheat, if the natives applied themselves [to cultivating these], as they would do if they had a market for them, would be sold at good prices throughout China (where these grains are scarce), in Cochinchina, in Siam, in Camboja, in Pegu, and sometimes in the Malabar and Coromandel coasts. Wax—of which these mountains are full, and which is sold by the infidel Indians who inhabit them—has a great consumption here, and much of it is shipped to Nueva España; and if it were bartered for cloth, as was said above, it could be procured in greater quantity. Tobacco, oil, and sulphur are very abundant. Horses are valued in the said coasts, and, although there are many of them in these islands, there would be more if the ranchmen had a better sale for them; for at times they are accustomed to kill the horses, in order to dry their flesh and sell it. Carabaos and deer, whose flesh is likewise dried, yield some pesos. In fine, the following are recognized articles of merchandise in different places in China, Cochinchina, Camboja, and Siam: sugar, rice, cotton; indigo, dyes, sibucao (a sort of Brasil-wood), deer’s sinews, pepper, black tortoise-shell (called carey), nacre shells (or mother-of-pearl),[42] birds’-nests, ebony; tapa (or dried meat), balate and camaron (both which are shellfish), and bonga; cables of cabo negro—all of which commodities these islands produce. [To these must be added] cochineal from Nueva España, fine cloths and camlets from España; lead (which also is produced by these islands, although it is not mined), and other articles, as stated above, of which better information will be given by practical merchants.

34. For Vengala, the Coromandel and Malabar coasts, Persia, Zurrate, and other parts of India, are found useful indigo, sugar, sibucao, sulphur, siguey, birds’-nests, cotton, rice, gold, and horses; and, in one word, all that has been said in the preceding chapter (speaking of the private commerce which could be carried on via the Cape of Good Hope) ought to be understood, with greater reason, of the commerce which can be carried on by the company of which this chapter treats. For this reason I omit what I said there of the cinnamon and other products which the company could develop, with its funds and systematic arrangements, better than an individual could; for the latter may die, and the former continues perpetually to carry on the enterprises of manufactures, mining operations, the cultivation and promotion of crops, and the exportation of all these to foreign kingdoms and colonies. For all will be successful in these islands with the Indians, who, if well paid, will do what they are ordered to.[43]

35. I have already mentioned the indescribable readiness with which our Indians learn perfectly whatever they see, even without the necessity of a master to instruct them. There are some who write well, without knowing how to read, as they have had no teacher; for by their natural inclination they devote themselves to imitation of the letters, and easily succeed in doing so, without being able to read what they write. This is one proof of their readiness, above mentioned, but they have still more of it in embroidery. It is a marvelous thing to see, that there is hardly an Indian who cannot embroider, and that they learn this art without any teacher save their own attention and their extraordinary patience. The hands of the Indian women are the most delicate, for every kind of sewing and needlework; and the company, by availing itself of this skill of our Indian men and women, could employ an innumerable number of people in embroidery, needlework, and the making of hose—they make them of fine quality, in Zebu of cotton, and in La Laguna of silk—and obtain much profit through these industries, in finding a market for them.

36. Near Paracali in the province of Camarines there is abundance of rock crystal, very transparent and choice. In the province of Cagayan are some stones that are very singular and rare; one of these is emerald-green veined with gold or golden-brown, and when well polished it looks like a mirror, or like the finest jasper. Another is a stone as white as marble, similar to that which abounds in the mountains of San Matheo near Manila (from which has been made the paved floor of the Society’s church in this city); and who knows what Nature is keeping concealed, for our enlightenment, in the provinces and mountains of these islands? Assiduity, good taste, and the desire for knowledge would discover many things if there were Spaniards here who would devote themselves to the investigation and examination of the many rarities in the plan of Nature.

37. If there were any chemist and herbalist here, this likewise would be an immense aid for making further discoveries and experimenting with many trees, roots, herbs, and medicinal stones. For instance, the narra;[44] in cups made from the wood of this tree water becomes, in a very short time, of a most beautiful blue color, and people say that it is useful for curing obstructions; the wood called manunga, which is extolled for its remarkable virtues; the seeds of the catbalonga, or St. Ignatius’s kernels, which are already known and esteemed in Europa; the shell in which the cocoanut grows, in which water soon becomes exceedingly bitter; bezoar stones; and innumerable other articles from which homely remedies are made here, among the Spaniards as well as among the Indians. The latter make much use of the remedies produced in the islands, and know some, both herbs and woods, which cure the most hideous and bloody wound in twenty-four hours. The rhubarb[45] may be smelled [sehuele] in many woodlands, and no one is acquainted with it; the herb of Calamba is especially good for preventing, by [the application of] its juice, the bad results of a blow or fall. More than all, in the mountains of Mindoro there is a tree called calinga, the bark of which has a delicious odor, which smells like cinnamon, cloves, and pepper all combined; I made a small quantity of chocolate, using the said bark powdered instead of cinnamon, and it was very pleasing to the taste. In the ship “Santissima Trinidad,” which the English captured, I was sending to Madrid some lozenges and many pieces of the said bark, which is a delicious flavor for seasoning ragouts; and I have used it in my household. Señor Anda also sent to Madrid the aforesaid bark, and, I think, chocolate made with it powdered. So great is the abundance of these trees that there are mountains, many leguas in extent, which produce them.